Paraguay (PRY) and China (CHN) Trade | The Observatory of Economic Complexity

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Paraguay-China Trade: In 2022, Paraguay exported $33.5M to China. The main products that Paraguay exported to China were Tanned Equine and Bovine Hides ($12.2M), Scrap Copper ($6.78M), and Sawn Wood ($3.85M). Over the past 5 years the exports of Paraguay to China have increased at an annualized rate of 2.72%, from $29.3M in 2017 to $33.5M in 2022.

In 2022, Paraguay did not export any services to China.

China-Paraguay Trade: In 2022, China exported $4.23B to Paraguay. The main products that China exported to Paraguay were Broadcasting Equipment ($1.04B), Computers ($229M), and Rubber Tires ($227M). Over the past 5 years the exports of China to Paraguay have increased at an annualized rate of 1.67%, from $3.41B in 2017 to $4.23B in 2022.

In 2022, China did not export any services to Paraguay.

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $33.5M to China. The main products exported from Paraguay to China were Tanned Equine and Bovine Hides ($12.2M), Scrap Copper ($6.78M), and Sawn Wood ($3.85M). During the last 5 years the exports of Paraguay to China have increased at an annualized rate of 2.72%, from $29.3M in 2017 to $33.5M in 2022.

In 2017, China exported $4.23B to Paraguay. The main products exported from China to Paraguay were Broadcasting Equipment ($1.04B), Computers ($229M), and Rubber Tires ($227M). During the last 5 years the exports of China to Paraguay have increased at an annualized rate of 1.67%, from $3.41B in 2022 to $4.23B in 2017.

Exports from Paraguay () to China () (2022)

Exports from China () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and China ()

Paraguay Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationN/AN/A

China
Top DestinationN/AN/A

This map shows whether countries import more from Paraguay or China. Each country is colored based on the difference in imports they receive from Paraguay and China or the difference in the growth in imports.

N/A

Difference in imports from China () and Paraguay () (2022)

Comparative Advantage Paraguay - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Paraguay and China by product, considering products traded by both, Paraguay and China.

During 2022, Paraguay had a large net trade with China in the exports of Animal Hides ($12.3M), Metals ($9M), and Wood Products ($7.48M).

During 2017, China had a large net trade with Paraguay in the exports of Machines ($2.34B), Chemical Products ($570M), and Plastics and Rubbers ($318M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay China+$7.71MScrap Copper

Top Product Potential China Paraguay+$49.4MComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Paraguay and China. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to China () (2022)

Exports from China () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and China ()

Paraguay Exports

China Exports

Market Competitiveness

Difference in imports from China () and Paraguay () (2022)

Comparative Advantage Paraguay - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and China () (2022)

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